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The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India's growth to recover to 7 per cent in next few quarters: report

Economic growth has bottomed out after slowing to a 13-quarter low of 5.7 per cent in April-June.

14 Dec 2017 3:19 PM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Govt to discuss MDR rate issue with RBI: official

The MDR charges are capped at 0.90 per cent for other merchants limited to Rs 1,000 per transaction.

14 Dec 2017 10:48 AM IST

The 50-share NSE Nifty tumbled 145 points, or 1.80 per cent, to end well below the 8,000-mark at 7,929.10

Sensex dips on macro data woes

The Nifty slipped below its crucial support level of 10,200 to end the day at 10,192.95.

14 Dec 2017 3:15 AM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Banks set to refer 23 of 28 large dud accounts to NCLT

Banks will also have to make a provision of 50 per cent on these accounts by March 2018.

13 Dec 2017 1:36 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI hikes FPI caps in G-secs by Rs 11,200 cr to Rs 3.015 trillion

FPIs will be able to invest up to Rs 2,56,400 cr in Central govt securities, up from Rs 2,50,000 crore.

13 Dec 2017 9:56 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI net buys USD 852 million of US currency in October

Central bank's intervention in foreign exchange market is to curb volatility in rupee and not to target a price band.

12 Dec 2017 10:25 AM IST

WPI inflation, which reflects the annual rate of price rise, has risen for the second straight month, notwithstanding the cash crunch following demonetisation.

India November inflation likely exceeded RBI's 4 per cent target

Higher inflation rate is unlikely to push the Reserve Bank of India (RBI) to change its key rate any time soon.

11 Dec 2017 12:58 PM IST

Earlier, the banks were asked to maintain denomination wise details of such notes and aggregate value of non-SBN note deposited in the account of each deposit or loan customer from November 9, 2016 onwards.

Bank credit sees growth at 6.02 per cent to Rs 76,58,212 crore

Bank deposits grew at 11.19 per cent to Rs 105,77,947 crore from Rs 95,13,148 crore in the fortnight ended June 10,...

21 Jun 2017 3:18 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Govt allows banks to deposit old notes with RBI

Cooperative banks have also been allowed to exchange old currency notes with the RBI.

21 Jun 2017 1:07 PM IST

S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

30-day relief for Maharashtra co-ops as RBI allows deposit of old...

Report says district cooperative banks can seek new notes as a replacement of old ones.

21 Jun 2017 11:39 AM IST

Union minister Bandaru Dattatreya

RBI to fulfil currency demand of Telangana: Bandaru Dattatreya

RBI will ensure supply of another Rs 20,000 crore to Rs 25,000 crore to meet currency demand of Telangana.

21 Jun 2017 9:53 AM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

NPA resolution: PMO takes stock of progress

Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh cr is on the books of PSBs.

19 Jun 2017 7:11 PM IST